10 Updates

GLOBAL MARKETS-Stocks, euro climb after Fed; long bonds slump

Source: CNBC, Dec 12 2012, 4:48pm CST

NEW YORK, Dec 12 (Reuters) - Global shares rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and said it would keep benchmark U.S. interest rates near zero until ...

Continue reading on: CNBC

 
 
Update
10

9 minutes ago

The Fed Disappointed Traders, Not Investors

Source: Daily Finance  |   Jun 19 2013, 6:25pm CDT

The Federal Open Market Committee's meeting is over, and it was worth the wait -- the outcome has important implications for investors. None of the talking heads know what the outcome of the [FOMC] meeting will be; my best guess is t ...

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Update
9

14 minutes ago

As Chairman Ben Bernanke clarifies Fed’s moves, markets freak

Source: San Luis Obispo Tribune  |   Jun 19 2013, 6:20pm CDT

WASHINGTON — The Federal Reserve might begin tapering off its economic life support late this year and finish a controversial program of bond purchases by the middle of the next year, Chairman Ben Bernanke said Wednesday in remarks that triggered fear an ...

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Update
8

26 weeks ago


Quote:
"They are basically taking out the same amount of duration that they were in Twist, but they are buying less in the long end than they had been before"


Source: CNBC

 

Latest Business News

 
Update
7

15 minutes ago

Wall St drops after Bernanke hints at slowing stimulus

Source: Straits Times  |   Jun 19 2013, 6:19pm CDT

Traders work on the floor of the New York Stock Exchange on June 19, 2013, in New York City. United States stocks fell more than 1 per cent on Wednesday after Federal Reserve chairman Ben Bernanke said the central bank would ...

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Update
6

15 minutes ago

Australia shares seen down after Fed comments, eyes on China PMI

Source: Reuters Mobile  |   Jun 19 2013, 6:19pm CDT

SYDNEY, June 20 (Reuters) - Australian shares are expected to drop on Thursday, following Wall Street's lead after Federal Reserve Chairman Ben Bernanke said the U.S. central bank could begin to scale back its stimulus measures later thi ...

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Update
5

20 minutes ago

Fed's moves to aid economy since financial crisis

Source: FindLaw: AP Professional News  |   Jun 19 2013, 6:14pm CDT

WASHINGTON (AP) — The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recessi ...

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Update
4

24 minutes ago

Sprint falls more than 4 percent; Garmin, Cerner, DST also off

Source: KansasCity.com  |   Jun 19 2013, 6:10pm CDT

Today, no fewer than five transit agencies operate in the Kansas City area: the recently created Kansas City streetcar authority and four bus systems run by Independence, Johnson County and both Kansas Citys. On Wednesday, Area Transportation ...

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Update
3

26 minutes ago

Fed likely to slow bond-buying program

Source: The Age  |   Jun 19 2013, 6:08pm CDT

Chairman Ben Bernanke has ended weeks of speculation by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year because the economy is strengthening. The Fed's pur ...

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Update
2

26 minutes ago

Aust bonds weaken on US Fed stance

Source: The Age  |   Jun 19 2013, 6:08pm CDT

Australian bond futures contract prices are weaker as the US Federal Reserve's statement it could end its stimulus measures in mid-2014 surprised the market. Westpac interest rate strategist Tim Jung said the bond market had expected a neutra ...

Continue reading on: The Age  More like this

 
Update
1

27 minutes ago

The Bernanke Status Quo

Source: Wall Street Journal  |   Jun 19 2013, 6:07pm CDT

Well, that was a lot of needless anxiety and turmoil. All of those market mavens betting for weeks that the Federal Reserve would announce the beginning of the end of its bond purchases were disappointed ...

Continue reading on: Wall Street Journal  More like this

 
 

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